The transaction fee for cashless vending is one of several costs that vending operators must consider when adding cashless transaction to vending machines. John Powell, a cashless vending veteran, discusses the three main cost components in an interview with Elliot Maras, editor of Automatic Merchandiser Magazine. To listen to the podcast, click here.

Editor’s Insight: This marks the second podcast interview with cashless vending expert John Powell. Vending operators who have not yet invested in cashless transaction tools will find this series very helpful.

There is a lot to learn about cashless. It is a complex subject. But fortunately, the National Automatic Merchandising Association has provided a good educational tool with its cashless initiative. To access this online tool, go to: http://www.vending.org/technology/cashless_vending.php 07-20-11 by Elliot Maras